Member Info for Cocobeans

We have a battle between those that can hold onto their shares, those that want an entry and are talking down the stock, those that are short and traders

the only way this gets fixed is Lorna to state the company is fully funded until after the drill and then we will have those talking down the stock, shorters and traders all locked out, scrambling to buy in

important message that she must deliver on Wednesday!

ultimately the volumes will ensure this goes higher and i by spud i still maintain a 15p price

the company can mobilise the rig in a couple of days and sign off in a week, so spud isnt that fair away once all drilling team is at camp!

Lorna, pointless doing anymore interviews unless your going to shut the distractors up once and for all!!

To buy

ready to break 10p

Https://total-market-solutions.com/2023/08/helium-one-global-ltd-august-2023/

Actually from company says rig crew appointed

Of course this is exciting as without a rig crew, you cannot drill

We are only missing the spud date now, which is likely to be announced shortly

Rig can start being rigged up- probably already started over the weekend! Will only take a couple of days!

Company is more advanced than they are letting on!

‘In parallel to this, the Company will select the remaining drill crew and prepare for the arrival of the camp’

REMAINING- so we already have some of the crew selected!

Rig going be mobilsed shortly

Next news - spud date (maybe tomorrow for that to keep momentum pre Wednesday RNS

Well I did say lol

Last few drills we had a different management team

Lorna does things differently than Mitchin

As I said, they have cash after this drill, they budgeted $6m for this well, it’s come in below that and they will still have $3-5m left over from the $13m they had in Jan

So what will happen if it’s a duster, well the price will drop, buyers will then return knowing that the company now has a rig and won’t need to source another rig , company will raise and we get a third bite of the cherry.

The company can spin two stories post this drill

1. commercial success and appraisal drill- prob raise 20m above 20-30p

2 duster but we can drill again as we have multiple prospects or know we need to do sidetrack or whatever - this will get us all chopping to go again and we have Noble results to contend with too, so given the price is likely to be 15p + on results - let’s say it halves on duster (once settled) then they can raise at 5-6p. So buying here there is greater upside than downside!!!

Hence why it’s a great opportunity and we just need to focus on the fact that we are fully funded and about to drill the best prospect we have in 3week!

Biggest drill left in 2023 for AIM with a resource that no other company is focusing on in AIM

Huge for industry and HE1

News coming

-rig crew

- mobilisation of rig

- drilling schedule

- civil works complete

- spud date

See you at 15p

LOL! Suggest you read the whole debate from yesterday! Nice try at de-ramping.

They will be presenting the drill schedule and will likely coincide with rig crew , civil and rig mobilisation news

It’s probably there to state when they will be updating us shareholders

To just cover our point, they have money to drill a second well, they save $2m on this drill and have $3-4m after this drill, yes they will likely raise after the drill but once again they have no headroom (bored of explaining this now) and therefore the process of raising this close to spud makes no sense

Lorna for the Christ of god, please RNS that the company is fully funded, has no headroom and is concentrating on the spud!

But Chess good luck with the short -

Set for Wednesday, tells us that they have news before as they cannot say anything on the day that will be inside, however, we know by their previous interviews that Civils were almost done and they were well on their way to selecting a crew

I think it to the point now where that has likely happened and they can set a spud that!

Therefore, on Wednesday they will hopefully walk through the timetable from now to the selected spud date to then the drilling timetable

This week is the week that the market gets behind this story, as the speculative money can then enter as they know the timeframes

We are still below last years high of 14p, which is madness given where we are and how close we are to drilling a huge prospect

Super interesting week ahead

Let’s make sure everyone has access to the document

https://www.helium-one.com/wp-content/uploads/2023/02/23-01-16-Helium-One-Global-AGM-Circular-final.pdf

Page 4, special resolution 5- every year the company has asked to be able to issue shares of around 200-300m and most years that’s been granted. However, this time, it wasn’t passed leaving the company the inability to issue any ‘ non agreed shares’ ie warrants and options that have been agreed previously could still be issued but nothing else.

Let’s make sure we understand the terminology first, so we can explain what this all means.

Pre exemption rights- Rights for existing shareholders to have first refusal on the issue of new shares by a company.

This request by HE1 was not approved , and therefore they have no authority to issue shares to Existing holders

They also have not issued approval to issue shares on a non preemptive basis. Ie third parties

However, within the companies articles of association, they can have a clause that means ‘ if they do not feel they can issue on a pre-emptive basis ie an open offer say because they are too close to a company making event, let’s say a spud, then they can issue on a non preemptive basis ie to non holders of the stock, in order to accelerate the ability to raise funds, ie it would take a few days to raise on a non preemptive basis or 6 weeks with an open offer (also costs a lot of money and time with no actual guarantee of funds) hence why most companies raise on a non preemptive basis but they seek approval on a preemptive basis to appease holders, as they know most retail would never look through their articles of association

So, that’s why it’s important that this was declined, as they cannot issue on either basis without shareholders approvals!

Why- well if they don’t have pre-emptive rights, they cannot use their articles to suggest they can issue on a non preemptive basis as existing holders CANNOT be offered stock, as they have no headroom to actually offer the stock in the first place

So in this instance, they wanted 270m shares to pretend to offer to existing holders, this was declined and as the last AGM approval has expired and they used all their headroom in the November raise, this has lead them to not be able to issue any shares unless they were already granted by the company ie existing warrants or options

Hope that explains the situation and you can now relax :)

I look forward to the RNS pre presentation!

I’m 100% know for a FACT they have no headroom, the request was put to shareholders to allow the company to be able to issue a further 200m shares without approval at the last AGM and this was withdrawn. They used all of their headroom in the last raise.

If you read the shareholder document that was sent for approval earlier this year, you will get the answer you need

Alternatively? Just email the company, and they will confirm. There is no need to continually keep re posing the same question when the answer is the same.

I’d had a conversation with the company 2 months ago on this point and the outcome is still the same as they haven’t gone to EXISTING holder for APPROVAL to issue new shares. Ie they cannot issue shares to ANYONE without EXISTING holders approval

It’s not complicated, when you ask the company and they simply confirm, which I hope they do to the whole market, even though you can just look it up, this week.

As I’ve said yesterday, the obsession with this point is pretty void, as on a success case this would be 30-50p anyway, and they DO NOT need any money, already stated that they are fully funded.

So as you say, let’s wait for Wednesday when I almost guarantee that this will be made explicitly clear

If you cannot wait that long, send them an email. If that fails look again through the documents.

If you’re struggling, I’m happy to point you to the right documents.

Once again, the focus here should be on the prospect, which is confirmed to be drilled not on a non event, that’s just being used as a distraction tactic!

The company raised $10m and had $13m the drill cost c$6m when we were contracting another rig

we bought a rig, and saved $2m

lets say we spend the $6m plus say $2m on salaries to this point (ALOT) we will still have $5m left

no idea why people are fixated on this, even if they did raise, they would probably only raise $2-3m - as they wont need big money anymore as they have a rig and drills will now cost less than $2m so its all just rather pointless anyway as compared to the MCAP its pointless

ANY raise would be for follow on drills so can wait until after this drill!

people posting on here are treating this subject like its more important than them drilling nto a $1.5bn prospect!!!

its all nuts and i hope that the company sort this out come Wednesday with a clear message

WE ARE FULLY FUNDED FOR THIS DRILL, WE HAVE MONEY AFTER THIS DRILL AND WILL NOT BE RAISING PRE DRILL

ITS KIND OF WHAT THEY HAVE ALREADY SAID LIKE 10 TIMES!!!

Lets see what comes Monday/Tuesday!! i suspect Civals and Rig crew are ready to drop! drilling timetable Wednesday

shareprice around 12p-13p by this tim-rise next week

Lets see BUT ONCE AGAIN THEY HAVE NO HEADROOM! Placees arent going to want to put money in, wait 4 weeks into spud to then sell when everyone is de-risking - THERE WONT BE THE INTEREST DUE TO THE TIMING

LORNA FOR THE LOVE OF GOD- PLEASE KILL THIS SUBJECT MATTER ONCE AND FOR ALL SO THE PRICE CAN RALLY TO 15P AND RIPE THE FACES OF THE SHORTERS AND ONES THAT ARE MISSING OUT!!!

Ok mate you plan you 100k share exit, sure it will affect the price considerable

If you want to spend another weekend talking down your own "investment" well its your life

at the end of the day, if you dont know your own plan, then you shouldnt have invested in the first place

my commentary has been the same all along 15p on spud, and im bullish here hence my posts

if people dont understand that there is downside as well as upside, then again thats their own research thats failed them but why on earth would i want to spend all my day posting negative slants on my own investment, its totally counter productive

so im bullish, ill remain bullish and whatever your game is, good luck but time is precious and maybe wait until Wednesday before you spend hours asking the same questions again and again

Ive no respect for you since the weekend a few weeks back, when you literally de-ramped four hours over a weekend only to be totally shown up on the monday, it totally highlighted your agenda and total lack of conviction

ciao

You made yourself look silly before when you spent all weekend crying about the friday end only for the shareprice to double on the monday after you literally spent hours de-ramping

you clearly have other motives and ill ask people to look at this posters background

if your trading it so be it but the subject of placings has been covered at length

1. they have announced 100 times they are fully funded for this drill

2. read the AGM rns and shareholder letters- they have no headroom, they asked for headroom and it was withdrawn as the shareholders declined the approval

3. they have saved money on the drill

4. they have less staff to now pay

5. they would need an EGM which would take them to near the end part of their drill so raising money before doesnt actually make any sense

either way IF and its a big IF they went to the market, it doesnt affect anything ANYWAY as the shares wouldnt be admitted until after the spud IF it got approved which is unlikely given it wasnt approved before, so the company would be wastinbg their own time and money

please dont spend the weekend trying to disrupt the BB as id suggest you will embarrass yourself again come early next week

Here we go

should be FOMO Friday here as news signposted for Monday/Tuesday next week pre presentation

Im also very hopeful that they explain the BOD shuffle and why it is important to have 0+G specialists taking this forward!

LETS not forget insiders just bought 6m worth of options here!

I expect many to be caught out here and then have to chase it

next week they wont put themselves on stage if they were undertaking a corporate event, so even by that its showing the market that they arent raising money, next weeks presentation is for the drilling schedule and civil sign off

I hope people put this together rather than listen to the ones that are going to miss out or are on the wrong side of the trade

Have ZERO headroom, they cannot raise money without our approval and more importantly THEY DO NOT NEED MONEY, they actually saved $2m by purchasing their own rig

this agenda keeps being pushed, they were in teh city 2-3 weeks ago, if they were raising it would have been done by now

If they do fundraise, the placees wouldnt be able to trade for 4 weeks which lands the date mid drill, do you think there is much appetite to have shares mid drill

The company will raise money after this drill to either fund another one or to fund appraisal drilling, by that time they will know what is in the ground and we will be much higher than we are today

Presentation will be 2 weeks away from proposed spud date, they ALREADY know the timeframe and WE already know they are further advanced than what they have told the market

I believe they have just been sourcing crew members as we know these will be groups of individuals rather than an established team by the nature of owing your own rig and the fact we dont have an employed drilling team

I believe the puzzle piece is just about to fall into its place and they can now push forward with the drilling timetable!

BIG